As of 2025-12-12, the EV/EBITDA ratio of Spotify Technology SA (SPOT) is 56.18. EV/EBITDA ratio is calculated by dividing the enterprise value by the TTM EBITDA. Spotify's latest enterprise value is 119,492.98 mil USD. Spotify's TTM EBITDA according to its financial statements is 2,127.00 mil USD. Dividing these 2 quantities gives us the above Spotify EV/EBITDA ratio.
| Range | Selected | |
| Trailing P/E multiples | 14.6x - 21.2x | 14.8x |
| Forward P/E multiples | 13.9x - 17.3x | 15.9x |
| Fair Price | 189.45 - 273.73 | 205.30 |
| Upside | -68.4% - -54.3% | -65.7% |
| Date | EV/EBITDA |
| 2025-12-11 | 48.25 |
| 2025-12-10 | 49.13 |
| 2025-12-09 | 47.49 |
| 2025-12-08 | 46.05 |
| 2025-12-05 | 45.43 |
| 2025-12-04 | 45.10 |
| 2025-12-03 | 44.79 |
| 2025-12-02 | 46.42 |
| 2025-12-01 | 46.59 |
| 2025-11-28 | 48.25 |
| 2025-11-26 | 47.74 |
| 2025-11-25 | 47.14 |
| 2025-11-24 | 47.10 |
| 2025-11-21 | 46.98 |
| 2025-11-20 | 47.45 |
| 2025-11-19 | 49.89 |
| 2025-11-18 | 51.38 |
| 2025-11-17 | 51.72 |
| 2025-11-14 | 51.32 |
| 2025-11-13 | 52.11 |
| 2025-11-12 | 52.33 |
| 2025-11-11 | 51.64 |
| 2025-11-10 | 50.25 |
| 2025-11-07 | 49.75 |
| 2025-11-06 | 49.86 |
| 2025-11-05 | 50.01 |
| 2025-11-04 | 50.81 |
| 2025-11-03 | 52.01 |
| 2025-10-31 | 52.95 |
| 2025-10-30 | 53.06 |
| 2025-10-29 | 53.81 |
| 2025-10-28 | 52.79 |
| 2025-10-27 | 53.15 |
| 2025-10-24 | 52.15 |
| 2025-10-23 | 54.49 |
| 2025-10-22 | 54.63 |
| 2025-10-21 | 55.76 |
| 2025-10-20 | 54.63 |
| 2025-10-17 | 54.29 |
| 2025-10-16 | 53.71 |
| 2025-10-15 | 54.27 |
| 2025-10-14 | 55.29 |
| 2025-10-13 | 56.00 |
| 2025-10-10 | 55.44 |
| 2025-10-09 | 54.47 |
| 2025-10-08 | 54.56 |
| 2025-10-07 | 55.03 |
| 2025-10-06 | 55.02 |
| 2025-10-03 | 55.04 |
| 2025-10-02 | 57.27 |